RUSH: Okay, so the president is saying that he is giving the Republicans until tomorrow to have the general outlines of some deal. Republicans have until tomorrow. And I'm not gonna be here tomorrow so I gotta do something because I am the titular head of the Republican Party, by their own claim. According to Obama's own people, I am ordering the president to present his spending cuts to the American people by tomorrow. While I'm at it, I'm ordering Harry Reid to propose a budget in the Senate for the first time in two and a half years. Fine.

The president said he's giving the Republicans until tomorrow to have the general outlines of some deal, well, I run the Republican Party, they've said so, so in my role as head of the Republican Party, here it is. I am ordering the president to present his spending cuts, not just to the Republicans in a meeting, but to the American people, in toto, by tomorrow, while I'm playing golf, by the way. Finally somebody in our party's gonna be playing golf while he's working, and it's gonna be me playing golf. That's the official position of Republican Party as of now. I'm on the golf course tomorrow. He will present his spending cuts to the American people by tomorrow, and I am ordering the Democrats and Harry Reid to propose a budget in the Senate for the first time in two and a half years. And, I am ordering Obama to put Obamacare on the table and throw Biden out of the negotiations.

Yes, I'm serious. He wants to sit here and issue ultimatums now, when he said that we had to drop our ultimatums at the door? Okay, fine. He's giving the Republicans until tomorrow to have the general outlines of some deal. I'm sorry, we've got more than the general outlines of some deal, we have the specifics and he knows what they are, they have been presented to him. He himself has said I am the titular head of the GOP. So one final time, I'm playing golf tomorrow and Saturday and Sunday and Monday and Tuesday. He's working. I'll send Boehner and the boys up there, that's fine, I'm gonna be on the golf course. Obama must present to the American people his spending cuts by tomorrow, and Harry Reid must present a budget by the Senate Democrats, first time in two and a half years. Put Obamacare on the table and kick Biden out of the talks.

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RUSH: Seattle, Anya. Great to have you with us. Hi.

CALLER: Hi. Major dittos from the beautiful Pacific Northwest.

RUSH: Thank you very much.

CALLER: My point was that I agree with Senator McConnell that, gosh, it's gonna be really -- didn't say it was gonna be impossible to reason with him, at some point in time he made that statement, it's gonna be impossible to discuss things with President Obama because I think we're not only dealing with a debt issue but a worldview issue. President Obama I think essentially believes that it's in his job description to make things fair. I don't know what universe he's living in. Things cannot be fair so how can you reason with this guy?

RUSH: No, no, you can't.

CALLER: Yeah.

RUSH: Remember, he doesn't expect things to be fair. That's just language --

CALLER: Yes.

RUSH: -- designed to impress certain voters. They may want to pretend that they can actually equalize outcomes.

CALLER: Yeah.

RUSH: They can't do that. What they really want to do is make people think that they're gonna go after the high achievers on the pretext the high achievers are cheaters and they have what they have because they've stolen it, come by it dishonestly, it's not fair that somebody should have so much while so many have so little. He's just playing class warfare politics, the rhetoric. He wants people to think it's gonna be fair. Ask the people that voted for him two-and-a-half years ago just how all this fairness is working out for 'em and ask 'em how their lives have improved. Do they have the new kitchen they were gonna get? Do they have the new car they thought they were gonna get? Is Warren Buffett sleeping in the gutter?

CALLER: Yeah, exactly. You know, my husband is a medical doctor, and he actually came out of a meeting last night where he works for a big health system, and they said, "You know what, for the first time they are laying off 350 employees out of their health system." And I said to him, "Sweetie, what if somebody else gets elected?" Oh, no, the states got some money because they're cutting off money to Medicare recipients. The Medical industry, I'm not saying doctors are being laid off, I really don't know that because I'm not in those meetings, but it is unbelievable. It is affecting people right now, absolutely right now.

RUSH: I know it is, and I think there's so many misconceptions out there and there's so much BS. I'm telling you, Anya, if the election were tomorrow, Obama loses in a landslide. There's no doubt about it. This is a disaster. There's nothing worth redeeming in this administration. There's nothing that's happened that anybody in their right mind says give us more of it, much less four more years of it. But it takes a lot to get to that realization because it seems to be such in contrast to the conventional wisdom is that Obama's doing the best he can, was presented the worst problem by Bush, he's a nice, smart guy, really cares about us, he wants everybody to do well, mean Republicans, I mean that's what's out there.

The truth of the matter is we got a one-man wrecking ball here who can't even keep his own economic staff on the payroll. I think he's cracking. There's a screw loose there. This is not normal, none of this is. But it's our reality. I mean I'm gonna go ahead and send the boys up there, Boehner and the boys, I'm gonna send 'em up there for the meeting tomorrow while I'm on the golf course, but the demand is, because again, the president is giving us until tomorrow to produce the general outlines of some deal, after we've presented specific ideas. Okay, so now here's this demand from the White House. He's given us until tomorrow to have the general outlines of a deal. Well, now, I run this show, you know, I'm titular head, Republican Party. I'm the guy. I'm gonna send Boehner and the boys up there but here's the demand.

The demand is that the president present his spending cuts to the American people, not just to Boehner and the boys, but to the American people. Let Dingy Harry present a budget for the first time in two-and-a-half years. I'm also demanding that Obama put his health care plan on the table to be talked about as an entitlement that deserves to be reformed or repealed. And I'm also gonna ask that Biden be thrown out of the meeting. He's petulant, he doesn't contribute anything, doesn't add anything to it, and he ought not be there. He's a child.

Michael in Huntington Beach, California, welcome to the EIB Network. Great to have you here.

CALLER: Hey, Rush, second-time caller dittos, plus a Drive-By call.

RUSH: Thank you, sir.

CALLER: Hey, Rush, I was thinking, you led off the show and said that Moody's is helping the Democrats out, which I agree with you, but also why should anybody listen to Moody's, Morningstar, all these rating agencies completely blew it on the subprime mortgage debacle, so I think their credibility is blown out of the water. What do you think?

RUSH: You know, Moody's missed the housing meltdown, they missed the subsequent financial collapse, some people say they missed it intentionally; I don't know.

CALLER: I never heard that but, yeah, could be.

RUSH: Yeah, they did. They didn't call any of that, and now here they are claiming that you gotta do this and that real quick or we're gonna lose our credit rating --

CALLER: Yeah.

RUSH: -- whatever it is. We gotta hold out. They could be also talking about Obama. They could be more concerned about Obama and his lack of leadership in the negotiation. You know, our knee-jerk reaction is they blame the Republicans, but, look, the Republicans are the ones trying to deal with this.

CALLER: Yeah, I agree. Stand tough. Hey, Rush?

RUSH: Yeah.

CALLER: Hey, one thing, I want to say hello to my friend Rich, plumber Rich, I didn't say hi to him last time I called, and one other thing before I go, have a great golf vacation, okay, and keep up the good work.

RUSH: All right, cool. Well, you did it. It's done, happy you did.

Gil in Philadelphia as we move on, welcome on the EIB Network. Hi.

CALLER: Hello, Rush. Nineteen times giga dittos.

RUSH: Thank you, sir.

CALLER: I've been running my own business for many years, and I've been through two economic cycles during that time, and I can tell you that nothing is more difficult when your revenues don't equal your expenditures. But what you do is you get up in the morning, you look in the mirror, you ask yourself, "What did I do wrong and where do I have to go from here?" It's called accountability. And the first thing you do is you lay people off. You don't get to tell the marketplace, "Oh, I need more money, I'm raising my fees in a capricious manner." You live with the hand you're dealt. This is our greatest opportunity, for the first time in my lifetime to actually hold the government accountable in the same way the free market holds the people, you know, in the marketplace accountable every single day.

RUSH: Couldn't agree with you more. But you see, you're running up here against the reality, and that is government is god, government comes first. Government never must do without. All money is government's. Obama believes that. All money is government's. What you end up with is simply what they have decided not to spend. And that's the way Obama looks at it, and that's the way Susan Feinberg, who's that economics professor at Rutgers, looks at it. Last week she's at a birthday dinner, Bistro Bis in DC, and she sees Paul Ryan with two friends having dinner and they're drinking a bottle of wine. She looks at the label, sees what it is, looks it up on the wine list, finds out the bottle costs $350. She drank, by her own admission, 'cause she called a blog called Talking Points Memo to report this, she had a bottle and a half of her own whatever it was, $80 dollar a bottle wine, she got up on her way out, walked over to Ryan and gave him the business. How dare he make a point of buying a $350 bottle of wine, how dare he.

Well, what business is it of hers? It was their own money. Then Talking Points Memo starts this big riff about lobby laws being violated, and there weren't any lobbyists at the dinner. It was Ryan with two economists, and they were using their own money. But if that would have been Pelosi and her family and the bottle of wine had been $5,000, Feinberg wouldn't have said a thing because whatever government spends is fine. But you spending your own money on a $350 bottle of wine, well, that's just insensitive, and that shouldn't be permitted. That should not be permitted!

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RUSH: Here's Rick in Melbourne, Florida. Hello, sir. Great to have you on the EIB Network.

CALLER: You mentioned something that I've been wondering for a while now, and that is why isn't -- why hasn't --Obamacare been on the table? It seems like the perfect time, even if that were the only thing that we got out of this particular August 2nd date is Obamacare is repealed, we'll extend the debt limit to fund the government through, say, "October when we're supposed to have a budget and we need some more time to work out a real budget."

RUSH: Yeah, well, let me tell you something: You repeal Obamacare and a bunch of the temporary emergencies go away. Long term, nothing's solved with it. You get rid of Obamacare and you have all kinds of breathing room. You've got no more panic whatsoever. Now, as to why the Republicans don't officially present it, I don't know. My guess would be (laughing) that if they go in there and they tell Obama, "Okay, we're not talking about this unless Obamacare's on the table," they know that's a nonstarter. They're gonna have to get rid of Obamacare without him. They know that. He's not gonna go along with getting rid of his health care. That's his signature whatever the hell it is. I mean, that's the wrecking ball.

CALLER: Right. He's not gonna want to go along with it, but if it was boiled down to those simple terms, get rid of Obamacare and the debt ceiling, we get relief on that, more time to work on it, or not.

RUSH: Well.

CALLER: You should choose. You know, "Mr. President, you choose. Is it America or is it Obamacare? Which is more important?"

RUSH: Well, I just said: I'm sending Boehner and the boys up there with our plan tomorrow, since we've got this demand to show up up there. That's what the White House has done. I'm gonna send Boehner and the boys up there, and my instructions are: "Okay, Obamacare's on the table for being discussed and repealed."

CALLER: I appreciate your doing that, Rush.

RUSH: Well, somebody has to do it, and I'm doing it now 'cause I'm gonna be on the golf course tomorrow while everybody else is working on this. Now, there are some people... I got some e-mails here. There are some people who are really worried that if I'm leaving, they're gonna cave and a horrible deal is about to be made. Folks, if I thought my leaving was going to cause that, I wouldn't leave. I'd come up with a fake medical excuse or something. Don't worry about it. There are gonna be plenty of people around (I've seen to it) that are gonna hold their feet to the fire on this. July 22nd is the date to pass it through both houses, but really they're out there with the data of August the 2nd.

Folks, don't forget: Ramadan starts August 1st. Obama's birthday is about August 3rd. And right in the middle of those two dates we're told, August 2nd? You figure it out -- and, by the way, those of you worried that my being gone tomorrow will remove pressure from the Republicans and they'll be more likely to cave in a bad deal? Look, EIB 1 stands by at all times when I'm away. Within moments we can be airborne and headed to the site of the emergency or wherever we need to be. (interruption) Well, Obama's birthday is actually the 4th but he's gonna start partying on the 3rd. I see, okay, fundraising. He had to get a special dispensation for that, by the way, because Ramadan starts August the 1st. Okay.

Let me take a brief time-out here, my friends. I -- I told you when we started the program, three hours of broadcast excellence are gonna seem like ten minutes when it was all over.

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RUSH: I'm going golfing. It's our annual member-guest in the secret confines of a rather large area of the great Northeast. And as such Boehner and the boys are on their own on the debt talks resuming tomorrow at the White House. Obama has given them an ultimatum: Show up with a plan or else. And I have told Boehner and the boys that they're gonna go up there with their own plan, and that is you're gonna present a plan, Obama, you're gonna tell the American people what your budget numbers are. And Harry Reid, you're gonna present a budget for the first time in two-and-a-half years in the Senate. Obamacare is gonna be on the table. Those are the instructions.

Now, there's an idea going around out there, and this is a risky thing to do. This was a really risky thing to do but there's an idea circulating that what Boehner ought to do is get somebody to propose a piece of legislation that repeals the Bush tax cuts and then vote on it, tomorrow, today, whatever, do it today, piece of legislation, move the Bush tax cuts to be repealed, tomorrow, and let it go down to a stinging defeat. Then go to the meeting, "Look, Obama, we put your demand up for a vote, and it lost. What more can we do?" We're not going to raise taxes in the House. The danger in doing that is what if it passes? You never know what can happen between the time you put it up for a vote and people are targeted and gotten to. It would be a fun thing if it worked out, hey, did you see the vote yesterday on repealing the Bush tax cuts? Didn't work. What more do you want us to do? What you're demanding can't pass. We don't need to do it that way. There's no chance, Mr. President, that any tax increase is gonna pass the House right now.

Look, Obama knows that. Obama knows that. The sooner everybody realizes that from Obama's perspective none of this is about the substance, then the better off and the better informed, the better positioned everybody is going to be. This is not about the substance. Oh, yeah, if Obama could get the substance he wants, yeah, fine, but that's not what he's doing here. This is all about reelection. This is all about, at the end of this, Republicans once again, they don't care what happens to the military, Social Security recipients. All they care about is the rich, corporate jet owners. That's the game they're playing.

Hell, Obama couldn't get a tax increase through Congress when the Democrats had supermajorities in both houses, folks. It was Obama who insisted on the Bush tax cuts remaining in force last December. Obama couldn't get a tax increase through the House. So he knows what the reality is. It's also the case that that's not what this is about. I think Boehner and the boys know what this is about. The problem is that our guys know we got a serious problem that has to be dealt with honestly and in an adult fashion and we're trying to do it. There's two different things going on in these meetings. Boehner and the boys are treating this with the seriousness and respect it deserves, and Obama's not. That's what's going on here. That's why Boehner says it's like dealing with Jell-O. I mean one day the guy says okay to this and the next day it's like we never spoke about it. That's because Obama couldn't care less. Obama is aiming for no deal.

Now, don't misunderstand, if he can get a deal with the Republicans caving he'd do it, don't misunderstand. But if that doesn't happen, it's not the end of the world for him, in the way he's thinking.